The Stocks Channel goal is to help fellow stock traders on making a profit! This channel features stocks news, stocks trading ideas, and stocks tips from fellow Dizkover members. We are mostly traders by profession.

Dizkover Members Get The Tips First!

A lot of our members are also active at Stocktwits and Yahoo finance boards. But often, Dizkover members get the tips fist. So checkout out the Stocks Channel often for fresh stock trading tips!

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Stocks Channel is open for everyone. Whether you are a findamental or technical trader, you are welcome to share your own trading ideas and tips.

Trade at your own risk! We are not responsible in the event of trading loss. Always use your own research and analysis before you trade. Any tips and recommendations you find at thie website can be wrong.

FB Chart

I posted this chart a couple months ago on Stocktwits explaining how I made huge profits trading momentum stocks such as Facebook (FB) and Tesla (TSLA). I just want to share this here to help you on your own technical analysis.

I'm a technical trader. My two favorites in technical analysis are Fibonacci Retracements and Fibonacci Extensions. I love trading resistance breakouts in Fibonacci retracements. I always put an assumption that momentum stocks, will usually bounce back higher after it retrace back from support level.

If you look at the chart of Facebook back in August and September, there were 2 huge opportunities to make huge profits. That's on the breakout past the 100% and 161.8% levels. When I placed my trades, I targetted the price on 161.8% and 261.8% levels.

Another example chart here is Tesla (TSLA). If you look at the chart, the price action perfectly traced the Fibonacci levels. If you trade all the breakouts pass the resistance, you would have made huge profits!

Why are the price action perfectly traced at Fibonacci levels?

Professional traders around the world are watching these levels to place buy or sell orders. Therefore, these levels has become a self-fulfilling expectation.